Page 9 - Azerbaijan State University of Economics

Haris Ur Rehman Horani, Muhammad Amin, Farhan Ahmed: Climate Risk Insurance: Bibliometric Review on
Present, Past and Future

Figure 2 illustrates a noticeable upward trend in the number of publications spanning
nearly five decades. Throughout all three time periods, the United States stands out
with the highest publication count. However, its dominance has shown a slight decline
over time. From 1975 to 2007, the US boasted nearly double the publications of the
second-ranked country. In contrast, from 2015 to 2023, it only maintains about a 50%
lead over the second-ranked nation. China, on the other hand, has experienced a
remarkable surge in publications in recent years. Initially lagging behind most other
countries in the period from 1975 to 2007, China has now ascended to become the
second-ranked country in terms of publication output by 2015 to 2023. Additionally,
countries like the United Kingdom, Germany, and France have displayed notable
increases in publication output over the three time periods, reflecting a steady growth
trend. In contrast, some countries, such as Australia and Canada, have exhibited
relatively stable publication outputs. However, the Netherlands has experienced a
decline in publication output in recent years. Despite holding the third position from
1975 to 2007, it has since slipped to sixth place in the ranking.

Table 1. Most influential countries

Country TC Average Article Citations
USA 7729 26.2
UNITED
KINGDOM 1656 43.6
NETHERLANDS 1310 48.5
GERMANY 907 26.7
AUSTRALIA 615 28
CHINA 575 9.7
FRANCE 388 27.7
AUSTRIA 317 35.2
CANADA 180 12.9
SWEDEN 106 26.5

Table one represents most influential countries with respect to total citations (TC), as
growth for climate risk insurance shows a positive trend. According to the citations
published by the country, United States of America has the highest citations, followed
by United Kingdom, Netherland and Germany.

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